The HS Code 62059010 refers to men's or boys' shirts made of silk or silk waste. These shirts must contain 70% or more by weight of silk or silk waste and should not be knitted or crocheted.
When it comes to international trade, the HS Code plays a crucial role in identifying and categorizing products. It helps customs authorities and traders to classify goods and apply the appropriate duties and regulations. In this case, the HS Code 62059010 specifically targets silk shirts for men and boys.
The bound or Most Favored Nation (MFN) duty rate for this HS Code is 1.1%. The MFN principle ensures that whenever a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This rate applies every time silk shirts of this description are imported.
The quantity unit for this product is measured in dozens (DOZ). This means that the import and export of these silk shirts will be quantified and recorded in multiples of twelve.
There are also special tariff preference programs associated with this HS Code. The silk shirts classified under HS Code 62059010 enjoy duty-free treatment in several countries, including Australia, Bahrain, Canada (under NAFTA), Chile, European Union (EU), Israel, Japan, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and the United States (US) under the Dominican Republic-Central American Special Rate (DR-CAFTA).
It is worth noting that the US states that import these silk shirts most frequently are New York, Pennsylvania, Virginia, and Maine. These states have shown a consistent demand for men's and boys' silk shirts, contributing to the overall trade of this product under the HS Code 62059010.
the HS Code 62059010 represents men's or boys' shirts made of silk or silk waste. This code helps classify and regulate the import and export of these shirts, ensuring proper duties are applied. It is important for traders and customs authorities to accurately identify and use this HS Code to facilitate international trade of silk shirts.